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More WFH, less business travel, and flexible office spaces: The CEO of $104 billion hedge-fund manager Man Group breaks down how it will operate after the pandemic

Luke Ellis
  • The post-pandemic office could look very different. Firms like Nationwide and Barclays have already made comments about limiting the number of employees that need to physically be in the office in the future.
  • In a statement to Business Insider, $104 billion hedge-fund manager Man Group's CEO Luke Ellis said his firm has proven during the pandemic that it can "not just survive but thrive and operate at close to full productivity with everyone working from home."
  • What this means, Ellis said, is that employees that were once coming into the office every day will be working either full-time or part-time from home, even after the pandemic has passed.
  • "This means adapting some of the office structure to help this way of working succeed, with even more video facilities and more flexible group spaces for brainstorming sessions."
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Everyone from the world's biggest banks to rural towns' smallest businesses are trying to figure out how to get back in the office.
But some companies don't see a need to fill up their old haunts even after the novel coronavirus pandemic has passed. Luke Ellis, CEO of $104 billion hedge-fund manager Man Group, told Business Insider in a statement that his company has proven it can "not just survive but thrive and operate at close to full productivity with everyone working from home, including myself."
What this means is that, even in a post-pandemic world, "I think we will have significantly more of our team working either full time or part time from home."
"This means adapting some of the office structure to help this way of working succeed, with even more video facilities and more flexible group spaces for brainstorming sessions," he said in response to a questionnaire about how the business world would change.
He's not alone either. Nationwide CEO Kirt Walker told Business Insider that half of the firm's 28,000 associates could work remotely following the pandemic, and Barclays CEO Jes Staley said on Wednesday that "putting 7,000 people in a building may be a thing of the past."
Ellis foresees a cutdown on other once-routine business activities as well, like travel.
"There will be more selectivity around which meetings require travel and which can be done via video — both internally and with clients and companies, and also who needs to travel," he said.
The two changes would be drastic for the global hedge-fund manager. The firm has offices in London, New York, Boston, Charlotte, Stamford, Zurich, Liechtenstein, Hong Kong, Sydney, Beijing, Shanghai, and Tokyo. The firm's annual report notes that the firm produced more than 3,600 metric tons of carbon dioxide through corporate flights in 2019.
SEE ALSO: Morgan Stanley CEO James Gorman, who had coronavirus, explains how he's thinking about getting people back into the office safely
SEE ALSO: 'We are not going to go back': Tradeweb's CEO explains why working from home is a game changer for the $1 trillion-a-day marketplace
SEE ALSO: Nationwide's CEO says more than 50% of its 28,000 associates could work remotely full-time even after the coronavirus pandemic subsides. Here's what that means for the insurance giant's operations.
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* This article was originally published here Press Release Distribution

Source - https://www.businessinsider.com/prime?module=article&area=summary

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